BSX 0.00% 3.2¢ blackstone minerals limited

BSX Day to Day SP discussion, page-405

  1. 602 Posts.
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    Rick, you are losing the plot my friend, have a beer and enjoy the sun. Raising funds is the lowest risk BSX face if the project economics (BFS) stack up and the resource grows substantially in tonnage and grade (9 rigs spinning on site) financiers will be lining up to meet with Scotty.

    Share dilution will always occur so don't lose your marbles over this, its a tight register with some quality in the top 20. Its not like we are some penny dreadful with 1.3 Billion on issue so relax. Like I've said I'm still buying here and will have an opportunity to accumulate as that's what is currently going on. Positions are being built and hence the price being somewhat held back. However, its short term because news flow could push the SP back into the 50's to form a new base and so on.

    For me the critical points that will be covered within the next 3-6 months are:

    1) Mine Life? I need to see 12-15 years +
    2) Grade % increase with MSV discoveries (drill results / assay news)
    3) EcoPro JV confirmed

    Tick those 3 and we re rate instantly and if BSX needs to raise it will be done well north of a $1


 
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